Associated Banc-Corp (NYSE:ASB) Q2 2022 Earnings Conference Call July 21, 2022 5:00 PM ET

Company Participants

Andrew Harmening - CEO

Chris Niles - CFO

Pat Ahern - Chief Credit Officer

Conference Call Participants

Timur Braziler - Wells Fargo

Scott Siefers - Piper Sandler

Chris McGratty - KBW

Daniel Tamayo - Raymond James

Terry McEvoy - Stephens

Jon Arfstrom - RBC Capital Markets

Operator

Good afternoon, everyone, and welcome to Associated Banc Corp's Second Quarter 2022 Earnings Conference Call. My name is Alex, and I will be your operator today. At this time, all participants are in a listen-only mode. We will be conducting a question-and-answer session at the end of this conference. Copies of the slides that will be referenced during today's call are available on the company's website at investor.associatedbanc.com. As a reminder, this conference call is being recorded.

As outlined on slide one, during the course of the discussion today, management may make statements that constitute, projections, expectations, beliefs or similar forward-looking statements. Associated's actual results could differ materially from the results anticipated or projected in any such forward-looking statements. Additional detailed information concerning the important factors that could cause Associated's actual results to differ materially from the information discussed today is readily available on the SEC website in the Risk Factors section of Associated's most recent Form 10-K and subsequent SEC filings. These factors are incorporated herein by reference.

For a reconciliation of the non-GAAP financial measures to the GAAP financial measures mentioned in this conference call, please refer to pages 23 and 24 of the slide presentation and to page 10 of the press release financial tables. Following today's presentation instructions will be given for the question-and-answer session.

At this time, I would like to turn the conference over to Andy Harmening, President and CEO for opening remarks. Please go ahead, sir.

Andrew Harmening

Well, good afternoon, everyone, and welcome to our second quarter earnings call. I’m Andy Harmening, and I'm joined here today by Chris Niles, our Chief Financial Officer; and Pat Ahern, our Chief Credit Officer.

I'd like to start things off by reflected upon my first full year sharing highlights for the quarter to providing a quick update on our strategic initiatives. From there, Chris will walk through an update on our funding and margins, income statement trends and capital. And then Pat will follow up with an update on trends. So last fall, we announced a new digital forward growth focused strategic plan, build on Associated Banc’s foundation of strong credit and expense management. Our strategic plan is already well into the execution phase and we are driving significant positive core operating leverage, improving our ROCI and transforming our systems to more efficiently serve our customers over time.